Rockland Trust Opens Latest MetroWest Branch
Rockland Trust has opened a new branch in Marlborough as the bank continues to expand its footprint in the Worcester and MetroWest areas.
A Home-Price Disaster in Sudbury
Now here’s a real crisis we can all get up in arms about: The U.S. has lost 58 “million-dollar” cities over the past eight months, per Zillow, including our own Sudbury. But is the latest report all it’s cracked up to be?
Wellesley’s Doing Alright
Amid the return of uncertain economic times, and a potential recession just around a corner or two, the housing market in Boston’s toniest suburbs appears to be bouncing back just fine from last year’s turmoil.
From Headmaster to Head of $2B Bank
When Michael Welch became CEO of UniBank, he had no banking experience. Two years later, the lender has now crossed the $2 billion threshold in assets and is eyeing continued growth.
Drop in New Home Construction Does Housing Costs Few Favors
Things are going from bad to worse when it comes to housing production in Massachusetts. And it comes as the dearth of both new and existing homes on the market is starting to push prices, already far too high, to truly insane levels.
Time to Change the Conversation Around Diversity in the Suburbs
At a moment when so much is unclear, one thing is not: We need all hands on deck for what will be a difficult several months for our regional economy. The sooner we make our businesses diverse and inclusive, the nimbler and better prepared they will be – for the recession and for writing the economy’s next chapter.
The Club of Million-Dollar Towns Keeps Growing
The number of towns with a median single-family home sale price of $1 million nearly quadrupled over the past eight years. And it is yet another sign as well that housing affordability in our state is going from bad to worse.
Hot Property: Mill & Main
Tenants have committed to new and renewed leases for over 56,000 square feet at Mill & Main, the eight-building, 1.1 million-square-foot campus spanning 50 acres in Maynard.
Buyers Flood Markets in Delayed Spring Season
Sellers stayed home, buyers swamped markets statewide, the Cape posted record sales figures and urban condos kept selling. What didn’t happen in the spring-turned-summer real estate market?
Framingham Mayor Vetoes Apartment Moratorium
Framingham Mayor Yvonne Spicer has rejected an attempt by the City Council to freeze approval of new multifamily developments in the city.
Maynard Mixed-Use Project Lands Bank Branch Tenant
Maynard Crossing, an under-construction mixed-use retail plaza in Maynard, has secured a tenant for its bank development pad.
Will the Spring Market Become the Summer Market?
With the economy reeling and “social distancing” now the norm, real estate agents are becoming increasingly convinced that the once-promising spring market may have to wait.
Cornerstone Bank Opens Westborough Loan Office
Worcester-based Cornerstone Bank has expanded into the MetroWest area with a new loan center in Westborough.
Worcester Lures Pharma Manufacturing at the Reactory
As biotechs bring more products to market, Massachusetts hasn’t kept pace in the growth of its advanced manufacturing space to enable them to grow in their backyards. Now a former state hospital property in Worcester is making a bid to put central Massachusetts on the map as an affordable option.
Cornerstone Bank Plans for Loan Center in Westborough
Cornerstone Bank announced it plans to open a loan center at 45 Lyman St. in Westborough.
MetroWest Luxury Brokers Shulkin and Wilk Jump to Compass
Benoit Mizner Simon & Co. agents Traci Shulkin and Jared Wilk have announced they are leaving the brokerage for Compass, and launching their own, nine-person realty team.
Franklin, Foxborough Multifamily Complexes Sell for $85M and $88M
The Interstate 495 corridor, particularly the MetroWest area, has become attractive for investors and developers looking to maximize their returns as office and lab uses out-compete multifamily projects on rents. Two recent sales are no exception.
MetroWest Apartment Market in Demand
For developers looking for prime opportunities to build or buy multifamily properties in Massachusetts, the Interstate 495 submarket may offer some of the best returns.
‘Green District’ Eyed for 49-Acre Marlborough Parcel
A 43-acre Marlborough development site once eyed for a large R&D park is being repositioned for a 475-unit apartment complex.
Lower Interest Rates Drove Mortgage-Seekers
When mortgage lenders began preparing for the spring 2019 season, many did not expect the activity they would end up seeing.
